Week 16 Iowa Farmland Auction Results

Apr 22, 2018 | Farmland Prices

Jason Smith

Jason Smith

Auctioneer, Land Broker

Jason is an Auctioneer and Land Broker and founder of DreamDirt, He is a lead farm real estate professional in the Midwest and has pioneered many modern methods of selling farmland. His experience in helping lead families to successful farmland transactions spans 2 decades and a myriad of advanced marketing skills and designations has helped propel him to be one of the most successful farmland auctioneers. The company he founded, DreamDirt, continues to be a leader in the farm sales and auction space and prides itself in offering extensive land seller and buyer information as well as outcomes that exceed expectations.

Email: jason@dreamdirt.com | Phone: (515) 537-6633

Iowa Farmland Sales Summary Week 16, 2018

Remember last week when I said it was slow in Iowa Farmland Sales?  This week there was one lone auction of 80% tillable farmland across the state and it was conducted by our company as an online-only auction.  This means the entire auction was conducted online with no live event.  DreamDirt has pioneered and led the market in internet bidding for land auctions in Iowa and we continue to move more auctions to Internet-only auction when this type of auction suits the seller’s interests.  We also conduct all of our live auctions with online bidding included as a part of our auctions so you truly can have any type of auction you wish when you work with DreamDirt for your auction.

This particular auction was for a farm located in Clarke County Iowa at Osceola, Iowa.  The auction terms included the buyer paying a 5% buyers premium on top of their high bid.  9 total bidders registered to bid online for this auction.  All buyers were thoroughly vetted prior to auction day and when the auction started we had a very spirited competition for the property that came down to 2 bidders.  The 2nd runner-up bidder dropped out at $6300 per acre while the remaining two bidders battled it out from $6300 to $9050 per acre.  When the buyers premium was added to arrive at the contract price the property brought $9502 per acre.  The average price per acre for Clarke County is $4,029 per acre while the average dollars per CSR2 point is currently $88.21 per acre.  This online Internet auction sale beat the county average by a whopping 57.6%!  When you calculate the dollars per CSR2 point this farm sold for it was $157.85.

We appreciated the opportunity to market this farm and conduct the auction for the seller Rosa Mathews.  Auctions of highly desirable farms always make great auctions and great results for the seller.  In this case, the farm was very near development with new housing to the south, new industry to the east and across I-35 was local entertainment and recreation.  This combination of features made the property desirable to a number of bidders

Highlights From Week 16 Farmland Sales In Iowa

Iowa Farmland Auctions Report For April 15-21, 2018

 

STATEWIDE TOTALS

48

40

$9,502.00

60.20

$157.84

$380,080.00

83.33

County Total Acres Tillable Acres Price Per Tillable Acre CSR2 $ per Tillable CSR2 Price % Tillable
Clarke

48

40

$9,502.00

60.2

$157.84

$380,080.00

83.33

Featured Iowa Farm For Sale

We are offering this 4500 head cattle feed lot for sale in Decatur County Iowa.  Cattle properties like this do not make the market often and offer a real opportunity.  You can contact Tom Bradley about this farm for sale in Decatur County Iowa at 515-202-7687

Request a Free Valuation for Your Farm or Land Property

Whether you’re ready to start the selling process, or even remotely curious, we will gladly provide you with a FREE Market Analysis! If you are in a position to sell land in the Midwest, we want to help you achieve the top of the market on your sale.

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